How is Foxconn's layoffs of 50,000? Why is Foxconn laying of

Last updated Jan, 19th 2019

According to related reports, since October 2018, Foxconn's factory for assembling iPhone has laid off 50,000 people.

A parts supplier based in Shenzhen required 4,000 employees to "take vacation" from October last year to March this year. At the same time, in addition to let the contract workers get laid off in advance, Foxconn also hopes to reduce the management and back-office technicians through the merger department. Foxconn recently merged the business division that produces Apple's Macbook and iPad with another division that produces notebooks and desktops for Dell and Acer.

In China, the world's largest smartphone market, Apple is facing serious challenges. The iPhone is priced down by omni-channel to ensure sufficient competitiveness, trying to reduce the market performance through successive price cuts.

This article was written by the author of the cutting-edge technology. The views represent only the author and do not represent the OFweek position. If you have any infringement or other problems, please contact us.